National Jeweler Network

Majors

07/31/14

Nordstrom opens new Rack stores on both coasts

New York and California are the latest locations for Nordstrom’s continued focus on its Rack off-price segment, with the retailer opening one in Laguna Niguel, Calif. and another in Staten Island, N.Y. 

07/31/14

Luxury goods conglomerate snaps up Ulysse Nardin

Kering, which already owns Boucheron and Girard-Perregaux, has added another name to its jewelry and watch stable: Ulysse Nardin, a 168-year-old independent watch brand.  

07/31/14

Jewelry e-commerce site BaubleBar raises $10M

Online fashion jewelry retailer BaubleBar has raised $10 million in a Series B financing round led by Burch Creative Capital, which is headed by retail and fashion veteran Christopher Burch.

07/30/14

Birks records $5M loss, announces cost-cutting plan

Birks Group Inc., the retailer formerly known as Birks & Mayors, announced this week that it is restructuring to save money, cutting administrative staff at its regional office in Florida and relocating that office’s functions to its headquarters in Canada.  

07/30/14

Amazon now selling 3-D printed products

Amazon has entered the 3-D printing arena with the launch of its “3D Printed Products” store, a marketplace that gives shoppers access to more than 200 unique, customizable print on-demand products, including jewelry.

07/25/14

Retailers remain ‘prudent’ in purchasing, LVMH says

Same-store sales of watches and jewelry rose slightly in the first half for LVMH, with the company noting that the retailers that carry its brands remain cautious when purchasing.

07/24/14

Walmart’s US CEO stepping down

Walmart announced Thursday that Greg Foran will be the new president and CEO of Walmart U.S. effective Aug. 9 replacing Bill Simon who is “transitioning out of the company.”

07/23/14

First half net sales up 7 percent for Swatch

Though operating profit and net income declined for the Swatch Group in the first half of the year, net sales increased.

07/22/14

Alex and Ani’s fraud suit allowed to proceed

A federal judge has ruled that a case of “bungled bangle banditry,” in which jewelry brand Alex and Ani is suing BJ’s Wholesale Club and a group of distributors, can move forward.